( click to enlarge )First Solar, Inc. (NASDAQ:FSLR) - The stock price has been moving in a small consolidation range and is now close to the $47 resistance level. ADX is beginning to move up again and this coincides with the gain in momentum. MACD indicator has moved above its signal line and stochastic chart is still in bullish territory. The short-term uptrend is intact and signals further bullishness on this stock. Buy the stock in dips with tight stop-loss at $40. The stock is a short squeeze candidate.
( click to enlarge )American International Group, Inc. (NYSE:AIG) - The daily chart shows a rounding bottom, which generally means a stock is going to move up. I set resistance at $27.7 and expect to see follow through once the stock breaks through. The stock has potential for a good upside move, so watch it closely on Monday.
( click to enlarge )Finally shares of Novatel Wireless Inc (NASDAQ:NVTL) broke the resistance of $3.01 or its 50-day MA. The new bullish trend on my daily chart looks good. Further rally could be seen to retest $3.60 medium-term resistance. As long as the stock stay above $3 area, the bullish scenario is still intact.
( click to enlarge )The breakout in Power-One, Inc. (NASDAQ:PWER) shares was something that I tweeted early this morning. If you were following my twitter account, you would have gotten the tweet when the stock was trading at 4.66. Technical chart above shows bullish sign with %K line on top of %D line and MACD on top of signal line. Next targets for the stock are $5.47 and $5.86. Only a close below $4.56 (20-day MA) reverses the current short-term uptrend. Now that the stock is above the major resistance more buyers should be coming.
( click to enlarge )Baidu.com, Inc. (NASDAQ:BIDU) - Stock broke the symmetrical triangle to the upside on Friday pointing the way for further move up.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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